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Scottish Trust Deed Forum
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Topic starter
02/04/2010 12:42 pm
I entered a Protected Trust Deed with KPMG in the Summer of 2009. After making just 3 payments , my income reduced significantly, and my Trustee agreed that, as a result, I am unable to continue with my contributions. However they will not tell me how they plan to move things forward. My financial situation has steadily worsened and I am now accruing fresh debts (council tax etc).
I have moved in with my partner, which has stopped the situation worsening further, but I am still left with a Trust Deed which seems to have been left in limbo, anf fresh debts of around ?ú2000 which I cant pay.
I know that Bankruptcy is the best course for me (I have no assets, disposable income or property) but I know that, as I'm in the Trust Deed, KPMG have control.
Is there any way I can get things moving forward? Its really worrying both my partner and myself but trying to talk to KPMG is very difficult.
02/04/2010 9:14 pm
As you say, it is up to your trustee to take action to convert your trust deed into a sequestration. I think all you can do is to talk to them again I'm afraid and make your feelings clear.
Good luck Ross
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
